Sensex gets high

October 18, 2016 17:21

Markets went all guns blazing after the benchmark Sensex today leaped 521 points -- its biggest single-day gain in nearly five months -- to 28,051 and the Nifty crossed the 8,600-mark on a flurry of buying amid solid overseas cues.

Investors were markedly optimistic in anticipation of positive announcements on the GST front as the GST Council meeting got under way to decide on rates and slabs of the indirect tax, due to be rolled out from April 1 next year. They also stepped on the pedal to cover short positions, which led to the upmove.

« Back to LIVE

TOP STORIES

Will new symbols dent Uddhav, Sharad Pawar's chances?

Even as the two parties appeared confident that they have reached out to every voter and publicised their new symbols, experts suggested varying impact of the split and the symbols on the vote bank.

Byju's may pay April salary to employees this week

Cash-strapped edtech firm Byju's is likely to pay its employees the April salaries this week, according to sources. The company is grappling with the issue of delays in paying salaries to employees. "There has been a delay in salary....

ICC Annual Rankings: India lead white-ball formats while Australia take top spot in Tests

The International Cricket Council issued the annual team rankings update on Friday, with Australia taking the top spot in Test cricket and India maintaining supremacy in both white-ball formats.

India's IPO market set to break May jinx in Lok Sabha election year

'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break. Sample this: the last four General Election election cycles starting 2004 have not...

T20 bowlers must adapt or get left behind: Southee

The mountain of runs being scored in the Indian Premier League shows Twenty20 cricket is changing and bowlers must move with the times or be left behind, New Zealand paceman Tim Southee said.